Loomis Sayles & Co. L P Acquires New Shares in Sportradar Group AG (NASDAQ:SRAD)

Loomis Sayles & Co. L P bought a new position in Sportradar Group AG (NASDAQ:SRAD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,485 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds also recently added to or reduced their stakes in SRAD. JPMorgan Chase & Co. increased its holdings in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after acquiring an additional 28,878 shares during the period. Jane Street Group LLC bought a new stake in shares of Sportradar Group during the third quarter valued at approximately $479,000. Cornerstone Investment Partners LLC acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $199,000. Moody National Bank Trust Division raised its stake in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after acquiring an additional 61,105 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Sportradar Group during the 4th quarter worth about $406,000.

Analyst Upgrades and Downgrades

SRAD has been the subject of a number of recent research reports. Benchmark increased their price objective on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Guggenheim assumed coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective on the stock. Canaccord Genuity Group raised their price target on Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Sportradar Group Trading Down 1.6 %

Shares of SRAD stock opened at $21.62 on Tuesday. The business’s 50 day moving average is $21.33 and its two-hundred day moving average is $17.44. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $23.49. The company has a market cap of $24.06 billion, a PE ratio of 108.11, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.